How NBA Players Make Their Salary

How NBA Players Make Their Salary
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How NBA Players Make Their Salary
Introduction
The National Basketball Association (NBA) in the United States is the greatest basketball league in the country and across the globe. The league's structure is peculiar and different from other sports leagues because the players act as organizations. Their teams of staff separate from that which the players represented on the playing field. Accordingly, the discipline and professionalism which the players depict are emblems representing the nature of the organizations that they represent. Coherently, entry into the league is highly competitive, and very few people succeed in becoming NBA players. One of the contributors to the high level of competition is the players' lucrative pay from the organizations. Notably, NBA players receive exorbitant compensation packages because the league is most-watched and discussed among Americans and mainstream media.
The increasing pace of salary caps increments each year leads to a growing concern on whether the players' compensation remains fair. Moreover, there is expanding flow of and participation by international players in the league. This observation adds to the justification of a study that investigates the payment of NBA players. Withal disparities about compensation remain highly discussed when considering the state and future of the NBA, considering that factors such as race, nationality, and extent of experience render players receive varying wages. The present study focuses on the impact of nationality, performance of players, state of operation, and loyalty on the compensation of NBA players. The investigation aims to unravel the rationale employed in determining the payment of NBA players and determine whether there is equality exhibited in compensation methodologies.
Literature Review
Despite the tremendous success of the NBA in popularity and wealth, one of the concerns that remain highly heated is the players' salaries. Most of the debates on media and even among citizens aim to justify or criticize the capacity to which NBA players deserve or do not deserve the wages they received. The significant difference in pay between players in the same league leads to suspecting players who received inflated salaries. From one year/season to another, there is an increment of salary caps. Thus, a literature review on the relationship between NBA and inflated salaries is required. It necessitates the division of the present chapter into four main sections: structures of payment and salary caps, associations of different stakeholders, performance players, and equality of wage.
* Structures of Payment and Salary Caps
The NBA frequently revises pay structures, rendering players to earn differently from one season to another. Engler (2011) informs that the NBA place similar salary caps for the participating teams in pursuit of creating a player for healthy competition. Nonetheless, the case was different before this policy, considering that teams would set their salary caps. The Collective Bargaining Agreement (CBA), as the governing agreement of the NBA, did not require teams to have payment limi...